Daily Report Archive
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Daily Report for 11/19/08

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 Market Summary Summary Statistics for Today 
Index Value Change A/D* M Trend Trend
Date
20 Day Chart 50 Day Chart
(click thumbnail for equivolume chart)
Dow Jones 7997.28 -5.07% 5/5  -1.54  down 06/17/08 Click for Enlargement Click for Enlargement
NASDAQ Composite 1386.42 -6.53% 4/4  -3.22  down 09/04/08 Click for Enlargement Click for Enlargement
S&P 500 806.58 -6.12% 6/4  -1.18  down 01/07/08 Click for Enlargement Click for Enlargement
Russell 2000 412.38 -7.85% 4/5  -3.18  down 09/12/08 Click for Enlargement Click for Enlargement
Wilshire 5000 8014.24 -6.43% N/A  N/A  down 01/07/08 Equivolume charts not available for Wilshire 5000
*Accumulation/Distribution Day count over last 20 days
Best Performing Index 1 Week 13 Weeks 26 Weeks Year-to-Date
Dow Jones
-3.45 %
Dow Jones
-29.96 %
Dow Jones
-36.54 %
Dow Jones
-38.69 %
Best Performing Industry 1 Day 1 Week 3 Weeks 13 Weeks
Home Health Care Home Health Care Home Health Care Long Distance Carriers
Most Improved Industry Wholesale, Other
+ 51
Foreign Utilities
+ 39
Medical Practitioners
+ 98
Regional Airlines
+ 185
 Market Commentary Major influences on today's trading 
Market Commentary
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Market Commentary
Published:11/19/08 06:13 pm


The markets fell precipitously today to their lowest levels since early 2003. Support levels were breached by four of the five indexes we follow with only the DJI just holding on to its October low. Additionally, volume increased on the S&P 500 and Russell 2000 giving them a distribution day as it becomes increasingly clear that  the Administration and Congress are incapable of restoring confidence to the financial markets, unfreezing consumer and business credit and alleviating a severe recession.

It looks as though markets will continue to slide at least until the new Administration takes over in January. A quick announcement of the new Treasury Secretary may bring some relief in the interim.

We issued 5 breakout alerts today and 0 were confirmed.

We issued 2 breakdown alerts today and 1 was confirmed.

Useful links for more detailed market action: Briefing.com  Reuters  Yahoo
Index Close Change
Dow Jones 7997.28 -5.07%
NASDAQ Composite 1386.42 -6.53%
S&P 500 806.58 -6.12%
Russell 2000 412.38 -7.85%
 Today's Breakout Alerts Today's attempted breakouts and end of day results 
We issued alerts on the following stocks today. The table indicates if the attempted breakout was sustained, fell back below the pivot on price, or failed to meet the minimum breakout volume requirement. Gain/Loss is measured from the breakout price (BoP). Expected Gain (Exp. Gain) is only available for successful CwH breakouts.

If the breakout was sustained then we also note if it is still within 5% of the breakout price with the notation '**Within 5% Range**'.

These results are provisional based on unofficial price and volume data at the 4 pm close. Check the 'Breakout Report' on the site tomorrow for any revisions to breakout status based on official data.

Symbol CE Alert
Time
Base Pivot
Height
BoP Close BoV Volume Gain/
Loss
Status Exp.
Gain %
BRL 12.02 09:42:23 CwH 95.92 65.56 64.29 3857735 2669302 -1.94% Closed below BoP + BoV not met -
CASY 12.98 09:42:23 CwH 100.29 30.75 28.59 936176 1477313 -7.02% Closed below BoP -
CEPH 13.21 10:05:00 CwH 97.53 76.95 74.27 3309299 2683097 -3.48% Closed below BoP + BoV not met -
 Today's Breakdown Alerts Today's attempted breakdowns and end of day results 

We issued breakdown alerts on the following stocks today.

Symbol Alert
Time
Base Support Close B/D Vol Volume Gain/Loss
from Support
Status
IPCR 10:24 SS 26.98 23.73 1224716 1218683 -12.05% BD Stalled
PBCT 11:04 HST 17.53 16.92 9059834 7155017 -3.48% BD Stalled on Vol.
 Today's Top Ten The Top Ten Stocks on our watchlists based on CE score 
Symbol
Watchlist CET1
CEF2
CE3
EG4
GXDX CwH 6.15 9.42 15.57 44%
DV CwH 5.57 9.21 14.78 50%
WES CwH 5.95 8.79 14.74 65%
GB CwH 6.01 8.63 14.64 59%
SHEN CwH 6.47 8.05 14.52 67%
STRA CwH 6.18 8.27 14.45 44%
AGNC CwH 5.87 8.50 14.37 68%
DLTR CwH 6.08 8.16 14.24 44%
ETEL CwH 6.53 7.63 14.16 81%

1CANTATA Evaluator (CE) Technical Score out of possible 7
2CE Fundamental Score out of possible 11
3Total CE (CET + CEF)
4This is the gain predicted by our Expected Gain model if the stock breaks out. It is only available for stocks on the CwH list.


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